Registration number:
LMC Baketime Holdings Limited
for the Period from 1 July 2022 to 30 September 2023
LMC Baketime Holdings Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
LMC Baketime Holdings Limited
Company Information
Directors |
Mr Naushad Mahomed Ismail Abdoola Dr Dissanayake Hitihamu Mr Mohamed Zain Ismail Abdoola |
Registered office |
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Accountants |
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LMC Baketime Holdings Limited
(Registration number: 07942828)
Balance Sheet as at 30 September 2023
Note |
2023 |
2022 |
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Fixed assets |
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Other financial assets |
3,452 |
3,452 |
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Current assets |
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Debtors |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
3,452 |
3,452 |
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Shareholders' funds |
3,452 |
3,452 |
For the financial period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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LMC Baketime Holdings Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 30 September 2023
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
UK
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention.
LMC Baketime Holdings Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 30 September 2023 (continued)
2 |
Accounting policies (continued) |
Financial instruments
The company only enters into transactions in 'basic' financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties.
Basic financial assets (other than those classified as payable within one year) are initially measured at cost, and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classified as receivable within one year arc not amortised.
Basic financial liabilities (other than those classified as payable within one year) are initially recognised at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classified as payable within one year are not amortised.
Financial assets and liabilities are offset, with the net amounts reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
LMC Baketime Holdings Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 30 September 2023 (continued)
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
LMC Baketime Holdings Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 30 September 2023 (continued)
Other financial assets (current and non-current) |
Shares in group undertakings |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 July 2022 |
3,452 |
3,452 |
At 30 September 2023 |
3,452 |
3,452 |
Impairment |
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Carrying amount |
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At 30 September 2023 |
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3,452 |
The group or the company's investments at the Statement of Financial Position date in the share capital of the companies include the following:
Subsidiaries
Baketime Limited
Registered office: Unit 1 Imperial Food Park Imperial Avenue, South Bank, Middlesbrough, TS6 6BA
Nature of business: Manufacture, marketing and sales of baked snacks
Class of shares: Ordinary
Percentage holding: 87.40%
Time Properties Limited
Registered office: Unit 1 Imperial Food Park Imperial Avenue, South Bank, Middlesbrough, TS6 6BA
Nature of business: Property rental
Class of shares: Ordinary
Percentage holding: 87.40%
LMC Baketime Holdings Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 30 September 2023 (continued)
Debtors |
Current |
Note |
2023 |
2022 |
Amounts owed by related parties |
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Creditors |
Creditors: amounts falling due after more than one year
2023 |
2022 |
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Due after one year |
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Amounts owed to related parties |
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Ultimate parent company |
The immediate parent undertaking is The Lion Match Company (Pty) Limited, a company registered in South Africa. The ultimate parent undertaking is Fasic Investment Corporation Limited, a company registered in South Africa.
Shares in the ultimate parent undertaking are held by F.A.N.G Bros Trust, G M Moosa Family Trust, A Moosa Family Trust and S M Moosa Family Trust. There is not considered to be any one ultimate controlling party.